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The Ministry of Finance paid off 1-year military bonds worth more than UAH 27B.

According to the Big Mac Index, the Ukrainian currency has become the fourth most undervalued.

the Ukrainian currency

On March 1, the Ministry of Finance paid off 1-year military OVDP bonds worth more than UAH 27B, issued at OVDP auctions on March 1, 2022. The ministry reminded observers that a year ago, at the first auction for the sale of military bonds, investors bought securities worth more than UAH 8B; they invested in 2-month and 1-year military bonds. The nominal rate of return on 2-month papers was 9.7%, and on 1-year securities was 11%. Due to the issuance of military OVDP bonds, the state attracted more than UAH 200B to the state budget in 2022 and about UAH 25B already in 2023.

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